On the eve of the monthly Non-Farm Payrolls freak-out, Treasury futures are near important resistance levels. The bonds have repeatedly failed to surpass a key daily high of 119^08 made in December, and the March Ten-Year Notes confront a double-strength hidden pivot at 118^19, not far above their high for the uptrend of 2010. The best circumstances for shorting this pivot would be an orderly move by the notes above the 118^14 level with the bonds remaining below 119^08 and thus failing to confirm. A move above 118^20 by the notes would point to a D target at 119^31.
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